NOT LISTED FOR SALE

16601 Marquez Ave Unit 301 Pacific Palisades, CA 90272

Estimated Value: $699,000 - $1,292,000

2 Beds
2 Baths
1,304 Sq Ft
$894/mo HOA Fee

Last Sold November 21, 2022

Last sale price $1,330,000 $1,020 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $7,952/month

11 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • 0.52 Acre Lot
  • Fitness Center
  • Gated Community
  • Midcentury Modern Architecture

About This Home

As of November 2022

Stylish Ocean View Penthouse in a Mid-Century Building in the Palisades. This special, top floor, corner residence has a southern exposure patio with Santa Monica Bay and Catalina views and has been extensively remodeled with no expense spared. The largest floor plan in the building, this home features soaring ceilings, wide-plank oak floors, custom floor to ceiling sliding doors, and a built-in grill on the spacious patio. The chef's kitchen was fully redesigned and is highlighted by custom self-close cabinetry, granite countertops, and stainless steel appliances. Next to the patio is a flexible space that could be used as a den or office and includes custom built in cabinetry to store your wine collection plus the in-unit washer and dryer. The primary suite has serene greenbelt views, two huge custom closets, high ceilings, and a fully remodeled ensuite bathroom. Adding to the appeal of the residence are two side by side parking spots located a short distance from the unit, and a sparkling community pool. With shops and restaurants just across the street, and both the Palisades Village and the ocean just a few minutes away, this is beach living at it's finest!

Last Agent to Sell the Property

Alex Quaid

The Agency License #01838631 Listed on: 09/21/2022

The Agency

Last Buyer's Agent

Todd Stein

Campbell Wellman Properties License #01879814

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,440

Year Built

  • Built in 1965

Lot Details

  • 0.52

HOA Fees

Property Views

  • Ocean
  • City Lights

Home Design

  • Midcentury Modern Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 1,304 Sq Ft Home
  • Built-In Features
  • Bar
  • Living Room
  • Dining Room
  • Den

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Parking Garage Space
  • Controlled Entrance

Outdoor Features

  • In Ground Pool
  • Open Patio
  • Outdoor Grill

Additional Features

  • Gated Home
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 4419-013-050

Community Details

Overview

  • 28 Units
  • 6-Story Property

Amenities

  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,440

Year Built

Built in 1965

Lot Details

0

HOA Fees

$894 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mid-Century
  • Street Number Display: Yes
  • Complex Name: Las Brisas
  • Entry Floor: 3
  • Living Area: 1304
  • Lot Acreage: 0.5163
  • Planned Urban Dev: 0
  • Stories: 6
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Stone Tile, Engineered Hardwood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Dryer, Dishwasher, Freezer, Garbage Disposal, Built-Ins, Washer, Refrigerator, Range/Oven, Barbeque
  • Price Per S Q F T: 1072.85

Exterior Features

  • Pool Description: Association Pool
  • Pool: Yes
  • View: City Lights, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Community Garage, Controlled Entrance
  • Total Parking: 2

Utilities

  • Heating: Radiant
  • Security: Card/Code Access, Gated

Association/Amenities

  • Amenities: Gated Community, Exercise Room, Elevator, Pool
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Monthly
  • HOA Fees: 821.32
  • HOA Fees: 72.68
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4419-013-050
  • Lot Size Area: 22492

Multi Family

  • Number Of Units: 28

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2022
Closed on
Oct 24, 2022
Sold by
Mancuso John and Mancuso Alice
Bought by
Nguyen Vanlinh T and Daino Robert M
Seller's Agent
Alex Quaid
The Agency
Buyer's Agent
Todd Stein
Campbell Wellman Properties
List Price
$1,399,000
Sold Price
$1,330,000
Premium/Discount to List
-$69,000
-4.93%
Views
16
Current Estimated Value
$1,086,779

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$243,221
Avg. Annual Appreciation
-6.66%

Purchase Details

Closed on
Dec 18, 2009
Sold by
Wells Jeanne M and Haden Ellen
Bought by
Vanboening Jon and Vanboening Van Boening

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2004
Sold by
Escalante Steven and Escalante Alice
Bought by
David Gertrude and Gertrude David Survivor Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 2002
Sold by
Escalante Steven E and Escalante Alice T
Bought by
Escalante Steven E and Escalante Alice T

Purchase Details

Closed on
Aug 7, 2002
Sold by
Escalante Steven E and Escalante Alice T
Bought by
Escalante Steven E and Escalante Alice T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
6.51%

Purchase Details

Closed on
Aug 31, 1994
Sold by
Prager David J
Bought by
Escalante Steven E and Escalante Alice E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,200
Interest Rate
3.12%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nguyen Vanlinh T $1,330,000 Lawyers Title
Vanboening Jon $628,000 Equity Title Los Angeles
David Gertrude $490,000 Equity Title Company
Escalante Steven E -- --
Escalante Steven E -- Southland Title
Escalante Steven E $219,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanboening Jon $417,000
Previous Owner David Gertrude $392,000
Previous Owner Escalante Steven E $214,000
Previous Owner Escalante Steven E $175,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2022 11/21/22 Sold $1,330,000 -4.9% $1,020 / Sq Ft
10/02/2022 10/02/22 Pending -- -- --
09/21/2022 09/21/22 For Sale $1,399,000 +3.6% $1,073 / Sq Ft
03/30/2022 03/30/22 Sold $1,350,000 +3.9% $1,035 / Sq Ft View Prior Sale
03/01/2022 03/01/22 Pending -- -- --
02/12/2022 02/12/22 For Sale $1,299,000 -- $996 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,440 $544,910 $544,910 --
2024 $16,440 $1,356,600 $1,068,450 $288,150
2023 $16,120 $1,330,000 $1,047,500 $282,500
2022 $9,071 $763,870 $550,645 $213,225
2021 $8,956 $748,894 $539,849 $209,045
2020 $9,048 $741,216 $534,314 $206,902
2019 $8,686 $726,684 $523,838 $202,846
2018 $8,663 $712,436 $513,567 $198,869
2016 $8,284 $684,774 $493,626 $191,148
2015 $8,162 $674,489 $486,212 $188,277
2014 $8,192 $661,277 $476,688 $184,589
Source: Public Records

Agents Affiliated with this Home

  • Alex Quaid

    Seller's Agent in 2022

    Alex Quaid

    The Agency

    (310) 717-1054

    5 in this area

    81 Total Sales

    Alex Quaid
    Section Image
  • Todd Stein

    Buyer's Agent in 2022

    Todd Stein

    Campbell Wellman Properties

    (310) 437-5333

    2 in this area

    38 Total Sales

    Todd Stein
    Section Image

  • R

    Buyer's Agent in 2022

    Rachel Rocconi

    Douglas Elliman

    Section Image
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Map

Source: The MLS

MLS Number: 22-201993

The MLS

APN: 4419-013-050

California Los Angeles County Pacific Palisades 90272

16601 Marquez Ave Unit 301, Pacific Palisades, CA

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